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Dec 3, 2012
12/12
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the payroll tax cuts to expire or minimize taxes to hit some people. high tax residents new york, california may find some of the deductibility of taxes is restricted. all of that is going to have a negative impact on consumption. we have seen the third quarter show that consumption increase is slower than expected. that's going to get accentuated as we go into the new year, which is why i think even if there is an agreement the impact is going to be quite negative. >> jim, you disagree. you call it a mole hill. what do you mean? >> i think it's sold as a cliff as if we're going to fall entirely off and have this massive fiscal tightening next year. what is more likely is a modest tax hike and spending cuts and most things extended and we live to fight for another day. i personally think we will have fiscal cliffs over and over the next several years. if you have a modest fiscal tightening next year, it's nothing new for the economy. we have had 1% for every year of the recovery. the deficit has improved by about 3.5% in the first 3 1/2 years of the re
the payroll tax cuts to expire or minimize taxes to hit some people. high tax residents new york, california may find some of the deductibility of taxes is restricted. all of that is going to have a negative impact on consumption. we have seen the third quarter show that consumption increase is slower than expected. that's going to get accentuated as we go into the new year, which is why i think even if there is an agreement the impact is going to be quite negative. >> jim, you disagree....
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Dec 28, 2012
12/12
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on estate tax alone as of tuesday, the estate tax she thresholds go from 5,000 exclusion to 30% tax rate. to $1 million and 50% tax rate who can do estate planning. >> and neither side can make any headway. over and over again. you ask the one side, say democrats. if the republicans gave you everything you wanted on tax hikes, do you could any entitlement reform? and the vast majority said no. and you turn to republicans, what if they embraced representative ryan's plans? would you raise taxes on anybody and a lot of them say no. so neither side will give that little bit that we know each side has to have because they want to have something, what do you get? i don't see how harry reid who hasn't passed a budget in years manages to come up with something by sunday night. >> we look at how monday will turn out. a lot of developments over the weekend will determine that. guys, it's not going to be an easy open, that's for sure, on monday. >> i'm wondering what it will look like. at the same time, when you ask the question, maybe it's better -- it's a bad deal worse than no deal? president o
on estate tax alone as of tuesday, the estate tax she thresholds go from 5,000 exclusion to 30% tax rate. to $1 million and 50% tax rate who can do estate planning. >> and neither side can make any headway. over and over again. you ask the one side, say democrats. if the republicans gave you everything you wanted on tax hikes, do you could any entitlement reform? and the vast majority said no. and you turn to republicans, what if they embraced representative ryan's plans? would you raise...
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Nov 22, 2012
11/12
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what i'm going to do, because i can't give people individual tax advice, you got to speak to your tax consultant about when you can take the sales and go back and buy, because you're absolutely right, there can be a wash sale problem. i don't want to speak broadly about it. that is something that is individual to a person's tax consultant. no stock is forever. they come in and out of fashion all the time. but some do last longer than others. those are the secular growth stories we live for. they have a longer shelf life, and that's ultimately what we're trying to find. "mad money" is back after the break. >>> you've done your homework. you're ready to buy. but how do you know when the time is right? >> yes, that is a monster stock! >> buy, buy, buy! >> just ask cramer. >> the master of making money, cramer. >> hallelujah! >> "mad money," week nights on cnbc. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year.
what i'm going to do, because i can't give people individual tax advice, you got to speak to your tax consultant about when you can take the sales and go back and buy, because you're absolutely right, there can be a wash sale problem. i don't want to speak broadly about it. that is something that is individual to a person's tax consultant. no stock is forever. they come in and out of fashion all the time. but some do last longer than others. those are the secular growth stories we live for....
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Nov 28, 2012
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at the same time if the 2013 tax code more than doubles the taxes on dividends. i want to be there with my ropes, make them so i can secure myself and get them right back in. here's the bottom line. i don't want it to go over the fiscal. i'm a 46 in the adirondacks. the losses on the cliff won't impact the legislators until after the market climbs and unemployment skyrockets. it will be cause -- the cliff is going to close soon and you'll be up there with your home depot, sherwin-williams and at&t. why not be profitable on the other side of the valley. let's go to robbie in michigan, please. >> caller: with the 27% increase today, should i take my money and run? >> i don't know if it's going to be a 40. walt in new hampshire. how do youing? >> caller: boo ya from concord, new hampshire. >> "the monitor" me a job in 1977 and i almost took it. >> whirlpool, should i hang on? >> even though it's up 116%, it should not be sold. i owned it in the 50s in my law school dorm in 1983. let's hold on to this and go to patrick in washington. >> caller: hi, jim. booya. given
at the same time if the 2013 tax code more than doubles the taxes on dividends. i want to be there with my ropes, make them so i can secure myself and get them right back in. here's the bottom line. i don't want it to go over the fiscal. i'm a 46 in the adirondacks. the losses on the cliff won't impact the legislators until after the market climbs and unemployment skyrockets. it will be cause -- the cliff is going to close soon and you'll be up there with your home depot, sherwin-williams and...
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Dec 10, 2012
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if the president were to say that taxes aren't going up, there's no taxes on apple if you sell it, i think the selling would be done immediately n short washington is driving this, not apple, it's an inexpensive stock. here's the bottom line, i would do anything not to focus on washington, anything. but we can't go much higher without a deal, any deal. and a deal is going to be made or not made on wall street, now washington. and i have to go up there tomorrow. i don't want to do it. given that the president won re-election, and he ran on the fact that he's going raise capital gains, these will what you call facts. meredith in california, meredith. >> caller: hi, sweet jim cramer, from devore, california, thank you so much for helping beginning investors like me. >> well, thank you, that's what this show is about, how can i help? >> my stock is ingersol rand, it's a security tech business and possible announcement of share buyback program and i would love to have your input. >> a lot of people thought it wasn't enough. i saw this when it came over, i think it was right before the ari
if the president were to say that taxes aren't going up, there's no taxes on apple if you sell it, i think the selling would be done immediately n short washington is driving this, not apple, it's an inexpensive stock. here's the bottom line, i would do anything not to focus on washington, anything. but we can't go much higher without a deal, any deal. and a deal is going to be made or not made on wall street, now washington. and i have to go up there tomorrow. i don't want to do it. given that...
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Nov 21, 2012
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what i tell you, that's the group you want, but you have to tax your tax professional about mlps and real estate investment trusts before you choose them otherwise go with the plain utilities and higher yielding telcos. beyond that, use the same metrics. looking for high yields. dividends has to be safe. the company better have enough earnings to cover the payout. we like companies with a consistent record of raising their dividends. that's great for capital gains that are tax-protected. the bottom line, a huge part of long-term investing is retirement investing. and the best way to prepare for your retirement is putting money in a tax favored vehicle like an i.r.a. and investing it in high yielding dividend stocks. the gel is to reinvest your dividends and let them compound year after year after year without paying any taxes until you withdraw your money at the very end. that's a terrific recipe for producing huge long-term returns. david in california, david? >> caller: hi, jim. like your show. >> thank you, david. thank you for calling in. >> caller: you frequently comment about m
what i tell you, that's the group you want, but you have to tax your tax professional about mlps and real estate investment trusts before you choose them otherwise go with the plain utilities and higher yielding telcos. beyond that, use the same metrics. looking for high yields. dividends has to be safe. the company better have enough earnings to cover the payout. we like companies with a consistent record of raising their dividends. that's great for capital gains that are tax-protected. the...
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Dec 18, 2012
12/12
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if we bridge the fiscal cliff, without too many spending cuts and tax increases. we could have a good 2013. that is why the markets rally. let's go to mark. >> hey, jim, thank you for having me on your show. i'm a long-term investor with the short-term trading around the core position. um, you know, the stock only a half percent up today down close to a full percent. the board approvie ining coca c enterprises, and you know, we saw that go up 4.5%. my question to you, do you have any relationship between coca cola enterprises and european market? >> not that much. they have prispecific things th are positive. my charible trust owns it. it is why we play mi diversified. it can not rally in an environment where people think the economy is going to pick up big. let's go to mike. >> big booyah from shippensburg university. >> what is going on? >> peabody energy. in 2011 australian mining operations contributed to its growth. recently extreme policies undermined their mines. -- and had the highest growth rate in 2001. >> remember, in the end it is still coal. and it is
if we bridge the fiscal cliff, without too many spending cuts and tax increases. we could have a good 2013. that is why the markets rally. let's go to mark. >> hey, jim, thank you for having me on your show. i'm a long-term investor with the short-term trading around the core position. um, you know, the stock only a half percent up today down close to a full percent. the board approvie ining coca c enterprises, and you know, we saw that go up 4.5%. my question to you, do you have any...
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Dec 12, 2012
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tax hikes to make a deal. the president is nothing serious when it comes to spending at all. nothing! so it looks like the cliff jumps ahead of us after my trip to washington. that was a tough day. had to take a couple showers in return the fed chief has said today listen consumer confidence is already turned down because of the cliff thing. business confidence suddenly turned down. why? because of the cliff thing. he said it had to be related. mike duke president and ceo of the larger retailer in the world, walmart says it's become the principal concern of their customers. they're happening now. it ain't just us talking. today's selloff after a nice move off caused first by corporate news, buy backs, decent earnings, then the initial word about how the fed's going to keep rates low shows you it may be finally dawning on people that there might not be a deal to avoid the fiscal cliff. all thousand i did hear quite encouraging some of the guys were saying no vacation legislation. they're getting that part of th
tax hikes to make a deal. the president is nothing serious when it comes to spending at all. nothing! so it looks like the cliff jumps ahead of us after my trip to washington. that was a tough day. had to take a couple showers in return the fed chief has said today listen consumer confidence is already turned down because of the cliff thing. business confidence suddenly turned down. why? because of the cliff thing. he said it had to be related. mike duke president and ceo of the larger retailer...
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Nov 14, 2012
11/12
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i looked at the six tax rates broken out. the top two rates if you wanted to solve the financial issues just by taxing those two rates, you have to take 108% of their income. even your buddy lenin or mao would consider that confiscatory. >> they thought about this deeply. and they wouldn't go with that. i'm proud that you are the guy going down to washington tomorrow. that is dave cote, the chairman and ceo of honeywell. for the fix the debt campaign and the american who understands the crisis that we are in. coming up. the clock is ticking. call cramer to find out how to fire away at cramer on the lightning round. can he withstand your onslaught of stocks? and later, ready for takeoff? shares of boeing have been caught in a holding pattern this year. but could the flight path be changing or will fiscal cliff concerns keep it grounded? cramer is taking out his technical tool set to read the plan. coming up on "mad money." >>> it is time for the lightning round. >> i know you like gld, but i'm looking at sandstorm. >> i know t
i looked at the six tax rates broken out. the top two rates if you wanted to solve the financial issues just by taxing those two rates, you have to take 108% of their income. even your buddy lenin or mao would consider that confiscatory. >> they thought about this deeply. and they wouldn't go with that. i'm proud that you are the guy going down to washington tomorrow. that is dave cote, the chairman and ceo of honeywell. for the fix the debt campaign and the american who understands the...
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Oct 18, 2012
10/12
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no capital gains taxes. you only pay taxes on money when you withdraw it. then it taxes just the regular one. that's a sweet deal, especially if you're worried about tax rates or dividends and capital gains going higher, and they do fluctuate over time. they go up and down throughout my trading career. however, as much as i like the tax-favored status of 401(k) plans and i.r.a.s, something almost nobody else will come out and say, most companies' 401(k) plans stink. they got high management fees and administrative costs that eat into your returns and typically offer you lousy choices for your investments, not nearly enough control over them. the 401(k) business is to me sometimes a racket for the managers who get to charge you these large fees. i'm very upset about this but helpless to stop it. ideally when you manage your own money, you want to diversify a portfolio of five to ten individual stocks, but most 401(k) plans don't let you do that. often let you choose from a limited menu from a couple dozen mut
no capital gains taxes. you only pay taxes on money when you withdraw it. then it taxes just the regular one. that's a sweet deal, especially if you're worried about tax rates or dividends and capital gains going higher, and they do fluctuate over time. they go up and down throughout my trading career. however, as much as i like the tax-favored status of 401(k) plans and i.r.a.s, something almost nobody else will come out and say, most companies' 401(k) plans stink. they got high management...
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Nov 12, 2012
11/12
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budget cuts, tax increases. the fiscal cliff looms large over the market. calls for compromise are out on all sides. but with gridlock still gripping the washington beltway, could your portfolio be at risk? stick around for cramer's call. all coming up on "mad money." i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪ ♪ welcome to the world leader in derivatives. welcome to superderivatives. >>> it is time for the lightning round. and then the lightning round is over. are you ready? start the lightning round. i want to start with mason in new york. mason? >> caller: jim, big boo-yah for all of us here at penn state university. >> yes! go penn state. >> caller: m
budget cuts, tax increases. the fiscal cliff looms large over the market. calls for compromise are out on all sides. but with gridlock still gripping the washington beltway, could your portfolio be at risk? stick around for cramer's call. all coming up on "mad money." i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the...
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Sep 26, 2012
09/12
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people need a tax break. middle class people need a tax break. i said on this show and wrote in a column, your message should be lower
people need a tax break. middle class people need a tax break. i said on this show and wrote in a column, your message should be lower
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Nov 13, 2012
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it does have tremendous tax law selling between now and year end. that is one horrible commodity that he has to deal with. it was like, you know, the copper corporation would be doing good. let's go to daniel in virginia. daniel? >> caller: yes? >> go ahead, daniel. you're up. >> caller: yep. >> you're up. >> caller: yeah, i'm wondering about ssys. >> stratus. yeah, that thing up is too much. that is a register ringer if i ever saw one. i don't want to be in a technology stock up 100%. i need to go right now to john in florida. john? >> caller: boo-yah, jimmy from the beach in miami! >> man, everyone is in a better place than i am. >> caller: i know, jim. listen, mark west energy. i know they did an offering after the bell today. they got hit. what's going on? >> stephanie link, our research director, and my best super forensic accountant, we're all bemoaning what a time for this deal to come. it is going to kill the stock. it's going to drive it to 7%. this group is too hard to own. maybe didn't get mwe which we did like at $45. that's the level. n
it does have tremendous tax law selling between now and year end. that is one horrible commodity that he has to deal with. it was like, you know, the copper corporation would be doing good. let's go to daniel in virginia. daniel? >> caller: yes? >> go ahead, daniel. you're up. >> caller: yep. >> you're up. >> caller: yeah, i'm wondering about ssys. >> stratus. yeah, that thing up is too much. that is a register ringer if i ever saw one. i don't want to be in...
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Dec 26, 2012
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it's because these are tax-free vehicles. you pay no taxes on your profits so your investmentses compound for years. that's a sweet deal. and they do fluctuate overtime. they've gone up and down throughout my career. i have to give you something radical here. something almost nobody else will come out and say. most companies' 401(k) plan stink. they have high management fees and administrative costs that eat into your return and they offer you lousy choices for youn vesmentes. the the 401(k) business is sometimes a racket for managers who get these large fees. i'm very upset about this but help us to stop it. ideally you want a diversified portfolio of five to ten individual stocks. most 401(k) plans went let do you that. they let you choose from a very little ted menu with some stock funds and bond funds. find a low-cost index fund and put your money in there. you can do better by picking individual stocks and managing your portfolio on your own with your tone time frame. that makes the -- nevertheless, as much as some 401(k
it's because these are tax-free vehicles. you pay no taxes on your profits so your investmentses compound for years. that's a sweet deal. and they do fluctuate overtime. they've gone up and down throughout my career. i have to give you something radical here. something almost nobody else will come out and say. most companies' 401(k) plan stink. they have high management fees and administrative costs that eat into your return and they offer you lousy choices for youn vesmentes. the the 401(k)...
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Nov 13, 2012
11/12
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and the tax rate of dividends is irvel vent. they are natural buyers and take up to slack on the move down. they cushion us. others shouldn't sell because the dividends of others are so high. how would you feel of passing up on the gain of home depot? which brings us to the last and most important reason why we aren't crashing. even a sub par one, remember what i said, that a known bad outcome is better than almost anything that is unknown. see, if you miss the moment of a deal, though, you miss the gains that we are going to get for the rest of the year. let me give you a couple of contrasts. >> the worst one that i have ever seen in 1990 was in kuwait. that was a stalemate that you wanted to see. in the end you wanted to buy before the war started. until then, it was a perfect moment for sellers. how about the summer of last year. people fled caused by the debt ceiling problem. you didn't know when it would be solved. lots of people think this is like the debt ceiling fight. and that is why i'm telling you, you can take some p
and the tax rate of dividends is irvel vent. they are natural buyers and take up to slack on the move down. they cushion us. others shouldn't sell because the dividends of others are so high. how would you feel of passing up on the gain of home depot? which brings us to the last and most important reason why we aren't crashing. even a sub par one, remember what i said, that a known bad outcome is better than almost anything that is unknown. see, if you miss the moment of a deal, though, you...
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Nov 17, 2012
11/12
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>> people are selling that because they don't know what the tax scheme will be. i care that it's a terrific stock. wait till the end of the year and pick some up. matt in indiana. >> caller: boo-yah, cramer from the tennessee valley. >> we get calls from everywhere. yes. >> caller: i want to say hi to my 6-month-old little boy who loves your show. >> and? >> caller: and i want to ask you about qpe. >> last friday, if you recall, we had robert bemnochet. it's an opportunity. aig is cheap. it's got sandy. i already told but sandy. i like the stock. joe in michigan. >> caller: hey, jim. big boo-yah from michigan. drn, trinity industries. should i stay on or get off? >> have you own an actual rail. i don't know if karl ichan is coming after these. that is the conclusion of the lightning round! >>> let's go right to it. >> caller: jay from beautiful bainbridge island, washington. >> i wish i was there. >>> let's go right to it. >> caller: jay from beautiful bainbridge island, washington. >> i wish i was there. >> caller: it's rainy. >> john in florida. >> boo-yah, jim
>> people are selling that because they don't know what the tax scheme will be. i care that it's a terrific stock. wait till the end of the year and pick some up. matt in indiana. >> caller: boo-yah, cramer from the tennessee valley. >> we get calls from everywhere. yes. >> caller: i want to say hi to my 6-month-old little boy who loves your show. >> and? >> caller: and i want to ask you about qpe. >> last friday, if you recall, we had robert bemnochet....
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Nov 15, 2012
11/12
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tax reform, raise taxes if you have to. raise revenues. lower the deficit. get us on with the dynamics of running a business. >> but here we are -- >> by the way, someone whispered to me as i was coming up, if these guys don't want to work in washington, they shouldn't get paid. i'm not going to subscribe to that premise -- >> so this person said to you until these guys get a deal done, don't pay them? >> yeah, don't pay congressmen, politicians of any kind, including their staff. >> what thare they doing any wa? >> they're very thoughtful. they'll find a compromise. >> going into year end, we assume taxes will go higher. should i be doing anything different? should our audience be doing anything different? >> i have a fundamental philosophy of deferred growth and return earnings on capital. i'm assuming my tax rate goes from 15 to 20 on long-term capital gains with a 3.8% sur challen charge for the affordable care act, that's 45% on long-term capital gains. on top of that, dividends are not clear. clearly, do i want to mark up a portfolio? i can sell for a
tax reform, raise taxes if you have to. raise revenues. lower the deficit. get us on with the dynamics of running a business. >> but here we are -- >> by the way, someone whispered to me as i was coming up, if these guys don't want to work in washington, they shouldn't get paid. i'm not going to subscribe to that premise -- >> so this person said to you until these guys get a deal done, don't pay them? >> yeah, don't pay congressmen, politicians of any kind, including...
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Nov 29, 2012
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versus the 2013 tax code. we're glued each week to the jobless claims and they come out at 8:30 and right now they aren't going up or down and that's because business is frozen. if you're thinking about creating a business, you want to know if you sell it you get a good capital gains rate. if you're a ceo, you saw the recession going over the fiscal cliff caused you don't want to be hiring. you might have to be firing in january. if we miss the deadline the market will get pounded every thursday as the claims spike because of mandated layoffs particularly in a military industrial complex. people will lose that right in 2013. and thousands of other companies are slimming down because, hey, we failed to rise above. when that happens, believe me, you'll want every bit of this mountain gear. you'll want the ice ax. man, we got to use this. this will no longer just be a key chain because if we're cl m climbing out of the cliff you need to be the first there and with the best stocks. i envision all segments of the m
versus the 2013 tax code. we're glued each week to the jobless claims and they come out at 8:30 and right now they aren't going up or down and that's because business is frozen. if you're thinking about creating a business, you want to know if you sell it you get a good capital gains rate. if you're a ceo, you saw the recession going over the fiscal cliff caused you don't want to be hiring. you might have to be firing in january. if we miss the deadline the market will get pounded every...
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Nov 28, 2012
11/12
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how many people pay sales tax at best buy, but no tax at amazon? one is armed with debt. best buy might not make it even if it does nothing. but who the heck would take down the debt that the former ceo is trying to buy the company with? perhaps the employees? amazon with that amount of capital at those prices, not only does it have a chance to put best buy in an early grave, it can go after every retailer with high debt. without being bound by the credit required to finance inventory or the need to pay escalating rents. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection.
how many people pay sales tax at best buy, but no tax at amazon? one is armed with debt. best buy might not make it even if it does nothing. but who the heck would take down the debt that the former ceo is trying to buy the company with? perhaps the employees? amazon with that amount of capital at those prices, not only does it have a chance to put best buy in an early grave, it can go after every retailer with high debt. without being bound by the credit required to finance inventory or the...
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Dec 6, 2012
12/12
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>> the tax code says sell apple. if you own it in a taxable account, i feel you've been given a fantastic opportunity to pay a lower tax rate on your profits than you will in a few week's time. given that i think many people own apple in their taxable or "mad money" accounts, it might be in the cross hairs of the fiscal cliff. you combine the greatest capital gains generator out there of all time in the change of tax code of uncertain proportions, it's almost impossible to justify not selling. those people then impact the chart and the chart is signaled code red and causes the institutions to worry that, perhaps, the stock can bring down the performance, which brings in still more selling. >> sell, sell, sell! >> it's a vicious cycle down. it makes a ton of sense. let's talk about what can happen here. year end, 2013, it will be too late to sell to get the tax break. we'll find out, i believe, that apple's ipad sales are through the roof, including the mini, the iphone will have bigger sales than thought in the u.s.
>> the tax code says sell apple. if you own it in a taxable account, i feel you've been given a fantastic opportunity to pay a lower tax rate on your profits than you will in a few week's time. given that i think many people own apple in their taxable or "mad money" accounts, it might be in the cross hairs of the fiscal cliff. you combine the greatest capital gains generator out there of all time in the change of tax code of uncertain proportions, it's almost impossible to...
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Oct 25, 2012
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what about the tax code? what do you think the most sensible way is to change the current tax code? >> i think we need to have a tax code that allows for global competitiveness of companies, a tax code that has fewer deductions and fewer exceptions. so we need to broaden the base, as we say. more taxpayers. we need to have a lower rate, and i think in the end, i mean, quite frankly, we keep saying it's going to increase revenue. increasing revenue ultimately says that somebody's going pay more taxes. >> do you agree with governor romney's plans regarding tax deductions and exemptions and leading you to choose what deductions are going to be out there? >> the devil's in the details on that. so we need to get that on paper. that's the kind of certainty we need. that's the kind of things we're going to look at. i think we've been too short on details in anybody's plan to date. it's getting those details on paper that matter. >> well, what about your own business right now? let's go into earnings for a moment. you raised the 2012 outlook and expect 2013 earnings to improve. what's drivi
what about the tax code? what do you think the most sensible way is to change the current tax code? >> i think we need to have a tax code that allows for global competitiveness of companies, a tax code that has fewer deductions and fewer exceptions. so we need to broaden the base, as we say. more taxpayers. we need to have a lower rate, and i think in the end, i mean, quite frankly, we keep saying it's going to increase revenue. increasing revenue ultimately says that somebody's going pay...
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Nov 7, 2012
11/12
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, the top marginal tax rate. he literally didn't talk about anything else. he gets to go to john boehner and say i campaigned on raising taxes and won. >> but keith, do they need to solve it in four weeks? because yield can be kicked down the road. what about a patch? >> the problem is, of course, both cases changed like how many times, brian, throughout the year? growth is back, earnings are fine and stocks are cheap. fiscal cliff was never an issue and we weren't even talking about china in march. now growth has slowed globally. maybe materially so. earnings are a disaster and stocks aren't cheap if you're using the right numbers. so now the bulk catalyst is the fiscal cliff. i think investors in particular you could see in fund flows, there are no fund flows. there are equity outflows. there are fund flows to investment grade bonds. they're fund flows to the dollar today. there's fund flows to safety because people don't trust this, they don't trust the obama administration is going to deliver anything above 1
, the top marginal tax rate. he literally didn't talk about anything else. he gets to go to john boehner and say i campaigned on raising taxes and won. >> but keith, do they need to solve it in four weeks? because yield can be kicked down the road. what about a patch? >> the problem is, of course, both cases changed like how many times, brian, throughout the year? growth is back, earnings are fine and stocks are cheap. fiscal cliff was never an issue and we weren't even talking...
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Dec 12, 2012
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we actually cut taxes. but through a code that is certain and fair and makes sense and the revenue comes from economic growth. that is what we need to do as a country. the fundamentals don't change. >> i got a little confused today. trying to distinguish medicare and social security. he is still paying into social security. i'm baffled. is social security really an entitlement? >> it is something, it is a retirement system that our citizens are owed because they work all their lives and pay into it. i think we can reform all of them in a way where we don't change it for the people who are at or near retirement, but for younger folks we make bipartisan changes that make sure the programs continue to be solvent, and i think everybody can agree on that. >> are you hearing anything from the president that can agree with that? >> we need presidential leadership right now. president obama needs to say yes, we can do these things. we need to do it now for the good of the country. >> are you optimistic that can occ
we actually cut taxes. but through a code that is certain and fair and makes sense and the revenue comes from economic growth. that is what we need to do as a country. the fundamentals don't change. >> i got a little confused today. trying to distinguish medicare and social security. he is still paying into social security. i'm baffled. is social security really an entitlement? >> it is something, it is a retirement system that our citizens are owed because they work all their lives...
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Nov 29, 2012
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. >>> people worry about having to pay a higher tax rate, i get that, but when you can snag high-quality stocks that yield more than 5%, i'm all ears. that's one of the reasons i want to tell you about health care trust of america, a newly minded real estate trust that owns medical office buildings. hga is a very defensive stock. unlike retail reits, it's levered to a sector health care that just does fine when the economy goes in recession. look, it's a real possibility if you go off the cliff. >>> plus a limited supply of medical office space. this is a nice, steady business. let's take a closer look with scott pierce. mr. peters, welcome to "mad money" so much. >> thank you for having me. >> i try all the time to find companies that might be beneficiaries of the affordable health care act. i stumbled on you guys. you're the one? >> we think we are. we've been fort. health care systems are now running like businesses. with 30 to 40 million more insured coming up, you this need a most affordable location to off those services. those are mlbs, they're on campus, and jim, i think over the
. >>> people worry about having to pay a higher tax rate, i get that, but when you can snag high-quality stocks that yield more than 5%, i'm all ears. that's one of the reasons i want to tell you about health care trust of america, a newly minded real estate trust that owns medical office buildings. hga is a very defensive stock. unlike retail reits, it's levered to a sector health care that just does fine when the economy goes in recession. look, it's a real possibility if you go off...
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Dec 31, 2012
12/12
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tax absolutely. we can give reasonable benefits, controlled, smart spending with, do all those things and keep tax cuts at a reasonable rate. >> with the average single income household. let's say the man works, wife doesn't, or vice versa. it is $6 used versus every $1 paid in. 6-1. can clearly unsustainable. >> we need far more fundamental reform. what the governor expects to avoid massive tax increases. >> who's got the guts to do that? feels as if kufrnt congrecurren do not, jimmy. >> the president trashed it in the campaign. i think that's the medicare reform we need. does that mean revenue is at 18% of gdp for infinite? i don't know about that. >> i would like to ask you, governor, what did you think of what obama was saying? do you feel he moved the ball forward or backwards? >> i think the deal will go down regardless because the embarrassment would be so great for not going it. >> who in particular do you think is causing that embarrassment? >> i think washington, d.c. everyone. rs everyone.
tax absolutely. we can give reasonable benefits, controlled, smart spending with, do all those things and keep tax cuts at a reasonable rate. >> with the average single income household. let's say the man works, wife doesn't, or vice versa. it is $6 used versus every $1 paid in. 6-1. can clearly unsustainable. >> we need far more fundamental reform. what the governor expects to avoid massive tax increases. >> who's got the guts to do that? feels as if kufrnt congrecurren do...
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Sep 7, 2012
09/12
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as uh say in "real money" don't do things for the tax man. if you have a company that's good, hold on to it even as you may not be able to get a good rate when you go to sell. maybe you shouldn't sell at all because the stock is going higher. another day when the worse was expected but the market took it in stride. disappointing jobs in tech, but the market didn't blink. is the market an idiot? no. the market is making sense. out's about profits, not about employment reports. "mad money" will be back. >> coming up, your next move. while the market shrugged off bad news today, this is no time to get complacent. out's a jam-packed week ahead. stick around to arm yourself with cramer's game plan before you make your next move. and later, core holding? it's one of the market's top performing stocks after surging over 8,000% in just the past five years. is this sky high rise hit a ceiling or will our need for medical innovation mean this run has just begun? plus, frozen smiles? while averages have soared this year, botox maker allergan stock stall
as uh say in "real money" don't do things for the tax man. if you have a company that's good, hold on to it even as you may not be able to get a good rate when you go to sell. maybe you shouldn't sell at all because the stock is going higher. another day when the worse was expected but the market took it in stride. disappointing jobs in tech, but the market didn't blink. is the market an idiot? no. the market is making sense. out's about profits, not about employment reports....
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Sep 8, 2012
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including no higher capital gains or dividend taxes. less than regulatory environment that will help the banks and improve the prospects of the oil and gas industry. interesting, didn't those two sectors act so well today. a european boost that avoids a lehmanlike outcome, change in chinese policy, recognition problems specific to intel and a revised chance of a gop victory, by a number that wasn't crushed that often does a whole lot of crushing. unemployment number, real bad for the president. but we aren't investing whether it's easier to get a jb or who's going to win for president. we're investing for future profits and stabilities for our companies, and that actually went up, not down in the last 24 hours. let's start with john in kentucky. john! >> caller: hey, jim, a big bluegrass boo-yah to you from the home of the murray state racers. >> you're from kentucky. what's up? >> caller: my question is about the brazilian mining company, and i know some big news broke today in the industry about the merger. i just wanted to get your t
including no higher capital gains or dividend taxes. less than regulatory environment that will help the banks and improve the prospects of the oil and gas industry. interesting, didn't those two sectors act so well today. a european boost that avoids a lehmanlike outcome, change in chinese policy, recognition problems specific to intel and a revised chance of a gop victory, by a number that wasn't crushed that often does a whole lot of crushing. unemployment number, real bad for the president....
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Feb 25, 2012
02/12
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i was there during the coolidge tax cuts. i was there during the kennedy tax cuts. i was there during the reagan tax cuts in the old executive office building. david corn, you guys over there on your side of the aisle underestimate, obama jacking up tax rates versus romney lowering them, that's an easy pun. >> you say you care about the deficit. you care about debt. there's nothing in romney's plan that makes up that gap except your magic asterisk that if you do this somehow there will be money flowing in from the heavens. it hasn't 457d in the last 20 years. it's not going to happen again. but listen, i think it's great. you are representing the 1%. and that's fine. take that to -- that's great for the republican party. >> the whole story, david, of what happened -- you know, when bush cut the tax rates in 2003 and the next four years we had 8 million jobs. that's not a bad record. 8 million jobs in four years. >> you had a growth rate of 12% through the -- >> michael steele, for now i'm going to call you two cadillac steele. i want you to have the last word tonigh
i was there during the coolidge tax cuts. i was there during the kennedy tax cuts. i was there during the reagan tax cuts in the old executive office building. david corn, you guys over there on your side of the aisle underestimate, obama jacking up tax rates versus romney lowering them, that's an easy pun. >> you say you care about the deficit. you care about debt. there's nothing in romney's plan that makes up that gap except your magic asterisk that if you do this somehow there will be...
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May 10, 2012
05/12
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and all of those tax cuts expire, dividend taxes go from 15% to 43% and doing share buybacks and dividend payers as much as dividend growers and that growth rate of dividends may slow down. you still look for companies that are earning money to have to retain earnings that will get that money back into for share buybacks. >> so will we see dividends cut? >> no, you cut the dividend when in trouble. they won't grow without the same rate. they may not grow at all. >> all right. ben, leave it there. see you later. thank you so much, everybody. >>> stick around. a lot more to come on the "closing bell" just ahead. >> announcer: he's one of the fed's biggest critics. up next, jim grant explains why today's market is just a hall of mirrors and why he doubts the fed can hold the illusion together forever. >>> plus, he used to throw touchdown passes for the denver broncos and now john elway is running the team. coming up, he'll tell us about the potential risks and rewards of signing peyton manning and trading tim tebow. in high school, i had a physics teacher by the name of mr. davies. he made p
and all of those tax cuts expire, dividend taxes go from 15% to 43% and doing share buybacks and dividend payers as much as dividend growers and that growth rate of dividends may slow down. you still look for companies that are earning money to have to retain earnings that will get that money back into for share buybacks. >> so will we see dividends cut? >> no, you cut the dividend when in trouble. they won't grow without the same rate. they may not grow at all. >> all right....
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Oct 26, 2012
10/12
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three main tax strategies are under scrutiny. first is sales taxes. a lot of boats in ft. lauderdale were registered offshore. remember, john kerry got in trouble for this in the u.s. for registering his boat in rhode island, ended up paying the massachusetts tax bill anyway. the second area is mortgage deduction. under certain circumstances you can deduct the mortgage of your yacht as a second home. people are increasingly looking at this. democrats every year, every six months ask for this to be eliminated but the republicans and boating industry want to keep it. that's under fight as well. the third thing is business. a lot of boats are used for charter, registered as commercial businesses so you can deduct the business expenses. that's come under xrult scrutiny a lot. the vast majority do pay taxes, especially the owners of the super high profile up yachts. >> we brought this boat into the united states and paid the duty. we also paid the sales tax on this boat. it was easier to do that than sit home worrying hey, somebody will knock on the door, you owe me taxes. >> y
three main tax strategies are under scrutiny. first is sales taxes. a lot of boats in ft. lauderdale were registered offshore. remember, john kerry got in trouble for this in the u.s. for registering his boat in rhode island, ended up paying the massachusetts tax bill anyway. the second area is mortgage deduction. under certain circumstances you can deduct the mortgage of your yacht as a second home. people are increasingly looking at this. democrats every year, every six months ask for this to...
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Apr 5, 2012
04/12
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that's why i've cut taxes for small businesses over 17 times. that's why every day i'm fighting to make sure america is the best place on earth to do business. our economy's begun to turn a corner, but we've still got a long way to go. we've still got a lot of americans out there looking for a job or looking for a job that pays better than the one that they've got. and we're going to have to keep working together so that we can keep moving the economy forward. i've never been more confident about our future and the reason is because of the american people. some of the folks beside me here today are testimony to that. day after day they're pitching investors, some meetings go well. some meetings don't go so well. that's true for me, too. [ laughter ] but no matter what, they keep at it. and who knows, maybe one of them or one of the folks in the audience here today will be the next bill gates or steve jobs or mark zuckerberg. and one of them may be the next entrepreneur to turn a big idea into an entire new industry. that's the promise of america
that's why i've cut taxes for small businesses over 17 times. that's why every day i'm fighting to make sure america is the best place on earth to do business. our economy's begun to turn a corner, but we've still got a long way to go. we've still got a lot of americans out there looking for a job or looking for a job that pays better than the one that they've got. and we're going to have to keep working together so that we can keep moving the economy forward. i've never been more confident...
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Sep 8, 2012
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rate's going to go up and you got to figure the after-tax does matter on taxes didn't on stocks, unless you're in a retirement account. i never like to do as they say in the book of real money, don't do anything for the tax man. if you have a company that's real good, hold onto it even though you may not be able to get as good a rate when you sell because maybe you shouldn't sell at all because the stock's going to go so much higher. another day when the worst was expected but the market took it in stride. disappointing jobs in tech. but the market didn't blink. is the market acting like an idiot? no! the market's making sense because it's about profits, not about employment reports. "mad money" will be right back. >> coming up, your next move. while the market shrugged off some bad news today, this is no time to get complacent. it's a jam-packed week ahead. stick around to arm yourself with cramer's game plan before you make your next zbluf after surging over 8,000% in just the past five years. but is this sky-high-rise at a ceiling or will our need for medical innovation mean this run
rate's going to go up and you got to figure the after-tax does matter on taxes didn't on stocks, unless you're in a retirement account. i never like to do as they say in the book of real money, don't do anything for the tax man. if you have a company that's real good, hold onto it even though you may not be able to get as good a rate when you sell because maybe you shouldn't sell at all because the stock's going to go so much higher. another day when the worst was expected but the market took...
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Aug 9, 2012
08/12
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other tax break. and raises taxes on middle class families by... up to two thousand dollars a year. mitt romney's middle class tax increase. he pays less. you pay more. >>> i'm jim kramer and welcome to my world. you need to get in the game! going out of business and he's nuts, they're nuts, they know nothing! there's a bull market somewhere already "mad money." you can't afford to miss it. hey, i'm cramer. welcome to "mad money." welcome to cramerica. i'm trying to save you money. my job is not just to sbhan you but to educate you. so please call me. so i'm watching a woman's beach volleyball like everyone else in the country or at least every male in the country. i'm thinking, hm, when you're out of position in that game it is just brutal. just like this one. where the dow edged up 7 points today, s&p 6% higher, nasdaq slipped 1.5%. we've been seeing the equivalent of everything the u.s. woman's team has been throwing at every other team they've been up against in this market. first we've got the dink, one of those shots where everyone's expecting a major slam, instead a light tap
other tax break. and raises taxes on middle class families by... up to two thousand dollars a year. mitt romney's middle class tax increase. he pays less. you pay more. >>> i'm jim kramer and welcome to my world. you need to get in the game! going out of business and he's nuts, they're nuts, they know nothing! there's a bull market somewhere already "mad money." you can't afford to miss it. hey, i'm cramer. welcome to "mad money." welcome to cramerica. i'm trying to...
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Aug 16, 2012
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>> how does a $5800 tax bill sound to you? >> it doesn't sound good. >> if you live in connecticut, the average taxpayer could pay that much more. if you're in new york it's $5500 more. we have many states that could be paying $ 2,000 more. you mentioned the baltic dry index, if we're hit with this kind of tax bill, look out and it's just, even if you're in the least affected state, mississippi, it's still another $1300 or so hit. >> i'm wonder fg we see real estate transaxes pick up by year end because people don't want to swallow the higher tax. >> yeah, they talked about the prospects for property growth, but the interesting thing here is i heard them talking about the election implications. very key here the states that get hit the hardest by the bush tax cuts expiring are traditionally blue states, kobz, new york, new jersey, places, california is i think the fourth biggest state. there is a little caveat here, this is average tax rate, so it doesn't apply to everybody, the more money you make the bigger hit you take. it
>> how does a $5800 tax bill sound to you? >> it doesn't sound good. >> if you live in connecticut, the average taxpayer could pay that much more. if you're in new york it's $5500 more. we have many states that could be paying $ 2,000 more. you mentioned the baltic dry index, if we're hit with this kind of tax bill, look out and it's just, even if you're in the least affected state, mississippi, it's still another $1300 or so hit. >> i'm wonder fg we see real estate...
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Dec 5, 2012
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tax rates go up. >> boo. >> the payroll tax holiday goes away. [ buzzer ] unemployment benefits expire for most people -- [ baby crying ] and that's is not even accounting for the layoffs. that's just being cautious. put it together, unless we get a deal, which won't be bad news for the single biggest consumer play out there, which is retail. so even though we're having a real good holiday shopping season that we're seeing so far. pbh told us that. you expect retail to be in trouble. once the holidays ends, things can get a whole lot worse. not just the fiscal cliff. two weeks ago aggregate retail sales that showed a 3% decline. last friday's gdp indicated that growth and personal consumption decelerated to 1.4%. these are not encouraging numbers. incomes are flat and hurricane sandy shut down the northeast wealthiest parts of the country, for days and in some cases for weeks. even though we have had positive numbers from companies like home depot and lowes, you think it would be from the proverbial -- >> the house of fame. >> or at least the group flat lining. get that? isn't happenin
tax rates go up. >> boo. >> the payroll tax holiday goes away. [ buzzer ] unemployment benefits expire for most people -- [ baby crying ] and that's is not even accounting for the layoffs. that's just being cautious. put it together, unless we get a deal, which won't be bad news for the single biggest consumer play out there, which is retail. so even though we're having a real good holiday shopping season that we're seeing so far. pbh told us that. you expect retail to be in...
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Nov 26, 2012
11/12
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they talk about taxes on national television. i know important apornography w it. it made it very clear that any republican who signed the pledge, that's pretty much every republican in congress, who balks at someone whose career is over. to me, that meant the defectors are far and few between. as a moderate leadership cannot deliver those pledge to the norquist hardline. norquist who seems to welcome a bust on the wall of shame, used to beg for it, is more powerful than speaker john boehner. norquist is more powerful than boehner. it feels as if the air went out of the compromise zeppelin. hey, like the graph zeppelin, like, lakers. retail, now we're hearing that there wasn't as much follow-through to the initial sales from thursday night. i think it's nonsense, but mo macy's and costco were tagged with huge loss es today. i believe the holiday sales are far are flat-out strong. amazing numbers from apple, like a rocket since it hit the 505 level last week. terrific ipad mini sales. wasn't that a product the doom and gloomers ha
they talk about taxes on national television. i know important apornography w it. it made it very clear that any republican who signed the pledge, that's pretty much every republican in congress, who balks at someone whose career is over. to me, that meant the defectors are far and few between. as a moderate leadership cannot deliver those pledge to the norquist hardline. norquist who seems to welcome a bust on the wall of shame, used to beg for it, is more powerful than speaker john boehner....
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Dec 19, 2012
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washington can't rise above politics and come up with a reasonable budget that has both spending cuts and tax increases and seems to be the case right now after the president's discouraging press conference, which suggested that no deal's imminent. and the white house is quietly saying talks have regressed. what about our failure to revisit what didn't happen, what didn't go wrong and the impact on the market? well, let's start with today's incredible news about general motors buying $5.5 billion worth of stock from the u.s. government's t.a.r.p. program. and it was at a price $2 above where gm traded yesterday. that's right. we, the people, got a better deal than we could've ever hoped for just the day before. gm most likely would have been liquidated, putting more than 1 million people out of work. if the federal government hadn't bailed it out. nobody likes a bailout. people don't like to use the phrase bailout and the government isn't going to be made whole in this investment. i'm saying that point-blank. that's because it's so gigantic. the simple fact is also not only does gm exist, but
washington can't rise above politics and come up with a reasonable budget that has both spending cuts and tax increases and seems to be the case right now after the president's discouraging press conference, which suggested that no deal's imminent. and the white house is quietly saying talks have regressed. what about our failure to revisit what didn't happen, what didn't go wrong and the impact on the market? well, let's start with today's incredible news about general motors buying $5.5...
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Dec 6, 2012
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i know you favor a consumption tax. how would it work, why is it better than an income tax? very interesting. >> what we want to do is have a tax code that's miles and miles wide and a half-inch deep, one that everybody participate in, one that is based on how much you spend, not how much that you're saving, and one that captures all the underground economy and closes up those loopholes. i'm outraged when i hear one of my business friends say, hey, i didn't pay any taxes last year because i was able to take advantage of whatever part of the tax code that his lawyer and accountant found out about. that's not good. we need everybody participating. that's why we say, simplify the tax code, get rid of these loopholes. >> congressman kingston, thank you very much. >>> apple and zynga among the big nasdaq movers today. we'll tell you which other big movers, winners and losers you need to know about. coming back in two minutes. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out.
i know you favor a consumption tax. how would it work, why is it better than an income tax? very interesting. >> what we want to do is have a tax code that's miles and miles wide and a half-inch deep, one that everybody participate in, one that is based on how much you spend, not how much that you're saving, and one that captures all the underground economy and closes up those loopholes. i'm outraged when i hear one of my business friends say, hey, i didn't pay any taxes last year because...
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Dec 13, 2012
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and i care more about the unemployed than i do about taxing or not taxing the wealthiest 2%. further, bernanke's implied with this action to keep buying bonds. buy buy buy buy buy buy! to force interest rates to stay low until we get to a 6.5% unemployment. well, he's saying he's very worried about our country going over the fiscal cliff. and he's extremely anxious about how that newfound mandated austerity will mean huge job losses. yeah. lots and lots of people not being able to pay for dinner. our network calculates that while there'll be some powerful initial debt reduction from the reduced spending and much higher taxes, going over this cliff women cost this country two million jobs. do you ever hear that during the day? two million jobs. a lot of jobs. which is why we believe congress and the president must rise above their stances and compromise to give us a more reasoned way to try to balance the budget. in other words, bernanke like so many of us has given up on washington's ability to govern, at least when it comes to the economy. he knows he's alone in trying to ge
and i care more about the unemployed than i do about taxing or not taxing the wealthiest 2%. further, bernanke's implied with this action to keep buying bonds. buy buy buy buy buy buy! to force interest rates to stay low until we get to a 6.5% unemployment. well, he's saying he's very worried about our country going over the fiscal cliff. and he's extremely anxious about how that newfound mandated austerity will mean huge job losses. yeah. lots and lots of people not being able to pay for...
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Mar 19, 2012
03/12
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minimum tax. good evening, i'm larry kudlow. this is "the kudlow report." we start with break news. some of the details from the republicans' budget plan starting to come out. i have them for you. the plan calls for individual tax rates to drop to 10% to 25%. corporate tax would go to 25%. it would also spell the end for the minimum tax. tomorrow one of the people behind the plan will join me on "squawk box," that being representative paul ryan. it all starts at 6:00 a.m. eastern. now some other important headlines. sizzle story number one, no relief in sight at the pump. gas prices continue on their upward march. one of the culprits here, refiners. but that didn't stop president obama from pitting business against the american people pitching some class warfare and some bad energy economics. take a listen. >> we're going to put every single member of congress on record. they can either stand up for the oil companies, or they can stands up for the american people. >> as i said, one of the culprits
minimum tax. good evening, i'm larry kudlow. this is "the kudlow report." we start with break news. some of the details from the republicans' budget plan starting to come out. i have them for you. the plan calls for individual tax rates to drop to 10% to 25%. corporate tax would go to 25%. it would also spell the end for the minimum tax. tomorrow one of the people behind the plan will join me on "squawk box," that being representative paul ryan. it all starts at 6:00 a.m....
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Dec 4, 2012
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they didn't extend the bush tax cuts until december 17th. they didn't handle the payroll tax until december 23rd. i lived inside the beltway. i have a pretty good network on the hill. i think they're going to have some kind of staged in agreement and then agree to attack the entitlement situation in the new year. >> michael, what do you make of what's going on? how do you try and trade this? at least we had some volatility the traders could trade on. now we don't have that. >> i think the lower volatility is telling you this is an extremely resilient stock market. i've been calling this the rocky balboa stock market. the entire scenario playing out is the fiscal cliff ends up being bullish no matter what. spending cuts makes bonds rise, yields fall and making stocks paradoxically even more attractive. they become the new bonds. >> alan, can you tell from option activity which way the markets are betting right now, presuming that not going over the fiscal cliff would be positive for stocks and going over the cliff would be negative? what's th
they didn't extend the bush tax cuts until december 17th. they didn't handle the payroll tax until december 23rd. i lived inside the beltway. i have a pretty good network on the hill. i think they're going to have some kind of staged in agreement and then agree to attack the entitlement situation in the new year. >> michael, what do you make of what's going on? how do you try and trade this? at least we had some volatility the traders could trade on. now we don't have that. >> i...
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Dec 21, 2012
12/12
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. >> then you'll have the capital gains tax, 15% to 20%. what about the dividend tax, congressman? 15% to 20% or 15% to 44%? >> well, if we don't do anything, as you know, it goes to 44% on january 1. plan b preserves it at 20% for millionaires and above, 15% for those below a million. small busine bus and individuals. >> and all of this you've described will be permanent? is that correct? no more five-year, ten-year -- >> that's correct. >> all permanent. that's where the trouble started anyway, 10, 12 years ago? >> absolutely. one thing that is the cornerstone of republican policy on taxes is, give certainty. the one thing we hear from small businesses and large businesses is, just tell us what the rules are so we're not laying awake around christmastime wondering whether or not if grandma passes away in january, are we going to lose half the farm or half the small business. this gives families certainty not just next year but really in perpetuity here in our country which that certainty is so key. >> what's your guess? last question, congressman, aaron schock from illinois. what
. >> then you'll have the capital gains tax, 15% to 20%. what about the dividend tax, congressman? 15% to 20% or 15% to 44%? >> well, if we don't do anything, as you know, it goes to 44% on january 1. plan b preserves it at 20% for millionaires and above, 15% for those below a million. small busine bus and individuals. >> and all of this you've described will be permanent? is that correct? no more five-year, ten-year -- >> that's correct. >> all permanent. that's...
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Nov 20, 2012
11/12
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if the tax scheme doesn't change all that much, you may not be frightened into buying the turbo tax program. i know of no other winners in a rising tax declining spending world. that's why it's so darn destructive. people just keep telling me i see @jimcramer on twitter, jim, you don't know what you're talking about. jim, it's political. listen, guys, it hurts almost every stock i follow. here's the bottom line. you get a compromise, you get politicians to rise above anger and partisanship, then you'll have many more days like today. glorious days! but if these hopes are snuffed, we know what happens. we get the crummy market we've had for weeks and weeks, the one that just might usher in the true bear market that would be a natural given the anticipated recession that the pols were supposed to fear as we got closer to the cliff. maybe the politicians in washington forgot that the preamble to the constitution does recommend that they promote, not destroy the general welfare, provide, not dismantle the common defense, and ensure tranquility, not turmoil. rising above? i think it's what the f
if the tax scheme doesn't change all that much, you may not be frightened into buying the turbo tax program. i know of no other winners in a rising tax declining spending world. that's why it's so darn destructive. people just keep telling me i see @jimcramer on twitter, jim, you don't know what you're talking about. jim, it's political. listen, guys, it hurts almost every stock i follow. here's the bottom line. you get a compromise, you get politicians to rise above anger and partisanship,...
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Mar 26, 2012
03/12
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he regards as a way too taxed paradise. it's almost as if the president doesn't know that we're the 90 million americans participate in the stock market for saving. he could help clean it up. it isn't just about the way the banks have abused this country. the dow is up 59% since you were sworn in. you're running for reelection. do the math. get behind this market. the intending cuts with money. he refuses to talk down which i think is frankly out of sink with what's happening. boots on the ground for me. i don't believe bernacke's easy money is behind this, either. i actually believe that it would benefit. even the real state industry itself, which needs buyers to step off the sidelines and realize they will lose these low rates which are more important in many ways. as for the brokerage houses, it's almost as if that he're actually against this move. hear's some cheap stocks that you should buy. but other than some what is wall street's excuse? in fact, with the sole exception of apple, i hear price target raising. and tha
he regards as a way too taxed paradise. it's almost as if the president doesn't know that we're the 90 million americans participate in the stock market for saving. he could help clean it up. it isn't just about the way the banks have abused this country. the dow is up 59% since you were sworn in. you're running for reelection. do the math. get behind this market. the intending cuts with money. he refuses to talk down which i think is frankly out of sink with what's happening. boots on the...
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Nov 30, 2012
11/12
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income taxes, that we haven't paid more attention to property, state, local, and sales taxes? >> one big reason is this data doesn't exist. we created a model so that we could simulate the way that this tax burden is distributed. there's go government entity that looks at the burden of taxation. there is no centralized data. so people really miss this point. they don't appreciate the extent to which state and local taxes are interacting with federal taxes and really consuming the savings that people otherwise might be getting. it's just a new way of looking at it. >> and there's something that i guess is being called housers law where the idea being no matter where tax rates are, tax revenues as a percentage of gdp are going to remain constant or relatively constant over time. have you been getting pushed back to your story about that concept conce concept? >> well, it's important to understand that's true. whether or not it's a law is another question. it's absolutely true that they've remained pretty stable. the point here is the distribution has changed. relatively speaking
income taxes, that we haven't paid more attention to property, state, local, and sales taxes? >> one big reason is this data doesn't exist. we created a model so that we could simulate the way that this tax burden is distributed. there's go government entity that looks at the burden of taxation. there is no centralized data. so people really miss this point. they don't appreciate the extent to which state and local taxes are interacting with federal taxes and really consuming the savings...
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Jul 18, 2012
07/12
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tax reform. >> tax reform. >> not answering directly about the question. >> he did try to suggest he was open to it. you don't think? >> i think you could infer that. i don't know. because he hasn't really answered the question. >> remember what buffett told us last week with becky? >> reform is the cop-out word. nobody answers any questions. i 'm in favor of reform. right? by the way, i have rubin and paulson coming up and -- >> i want them. i'm going to -- i'm in the room for that one. i mean where they disagree and agree and have to say given i think there's not that many -- could be no holds barred if they chose to. >> i tell you my thinking on this and pulled the panel together is free fly fishing trips with both. no, no, no. the reason why is i think so much debate at the extreme edges. right? i i see them as two guys close to the center on different sides of aisle and thinking is there something out there we're missing? is there some proposal, is there some idea, for example, avoiding the fiscal cliff, dealing with the deficit, getting the economy on track that guys can agree
tax reform. >> tax reform. >> not answering directly about the question. >> he did try to suggest he was open to it. you don't think? >> i think you could infer that. i don't know. because he hasn't really answered the question. >> remember what buffett told us last week with becky? >> reform is the cop-out word. nobody answers any questions. i 'm in favor of reform. right? by the way, i have rubin and paulson coming up and -- >> i want them. i'm going...